VandeWater & Associates Licensed Real Estate Brokerage

  SPRING HAS SPRUNG CHECK OUT OUR NEW ADIRONDACK PROPERTIES:       5 ACRES BORDERS THOUSANDS ACRES STATE LAND ONLY $31,900::: 77 ACRES BEAUTIFUL WILDLIFE POND BORDERS STATE LAND ONLY $69,900::: 119 ACRES, 3000 FEET ON SCENIC RIVER MAGNIFICENT WATERFALL ONLY $174,900 

TO SCHEDULE AN APPOINTMENT CALL 315-348-8884


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What is a 1031

Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.  A tax deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction.

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